I received a personal injury settlement, out of that settlement amount I was told how much was punitive and will have to be taxed. My question is can the lawyer fee be used as a deduction?
So if my attorney fees were $240K, does that mean I can only deduct 2% of the fees?
Thank You, how would I determine the amount of the legal fees that are taxable and not taxable?
Orignal From: personal injury settlement?
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